Industry projections indicate the live-streaming and social commerce market in China will grow at a CAGR of 9% through 2028, directly benefiting Momo Investing’s core revenue streams. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. In March 2024, MTN Group and Mastercard launched a prepaid virtual bank card for MTN MoMo customers across 13 markets in Africa, as well as a physical Mastercard companion card. Market sentiment around Momo Investing remains cautiously bullish, as institutional buying has increased 8% month-over-month. Technical charts show a breakout above the 50-day moving average, suggesting short-term momentum could push the share price toward $22 resistance levels.
